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Environmental Geology Most real estate transactions and development projects require site assessments as part of their due diligence process, and the complexity of the governing federal, state, and local regulations can be daunting. Financial institutions and institutional risk managers require environmental assessments before making financial or insurance commitments in order to protect against potential future litigation and remediation costs associated with environmental issues. Additionally, purchasers are required by statute to perform “all appropriate inquiry” during the due diligence process if they seek to claim the “innocent landowner” defense against Superfund liabilities. Citadel’s comprehensive Environmental Geology services will provide owners with the basis for making well-informed decisions regarding property purchase, development, remediation, or legal action. These services allow our clients to accurately assess potential environmental risks to their real estate portfolios. Citadel conducts property assessments that enable owners, corporate managers, borrowers, investors, insurers, and lenders to fulfill the due diligence requirements for all types of properties before purchase, sale, development, insuring, refinancing, or foreclosure, and prior to disposition or decommissioning. During the performance of Environmental Due Diligence for a property, the information provided by our initial Transaction Screen and/or Phase I Environmental Site Assessment will seek to detect issues that may require further investigation (Phase II), necessary soil and groundwater remediation, or the handling of vapor intrusion issues. Citadel also assists firms that provide CEQA/NEPA compliance services such as Environmental Impact Reports (EIR) by preparing sections pertaining to hazardous materials and associated hazard mitigation.
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